Home Insurance

Unlike other insurance policies like auto and commercial, home insurance is not mandated at the state level which means that you may not be required to carry it. However, if you have a mortgage on your home it is highly likely that the bank or lending company will require home insurance to ensure that their investment is protected should the worst happen. With that said, even if you own your home outright, having home insurance is worth the cost alone for peace of mind particularly when considering the high cost of typical home insurance claims.

Given that your home is likely to be your most valuable asset, you want to make sure you have enough insurance to protect it should an incident occur. Although coverage can vary from one policy to the next, a typical home insurance policy includes coverage to repair or replace your home and belongings due to damage caused by water, theft, smoke, fire, vandalism, natural disasters, or anything else labeled as a “peril” within your policy documents. Additionally, your home insurance will include liability coverage that pays for the medical bills of a third party that is injured while inside your home or on the property.

When deciding how much coverage to purchase, you’ll want to consider how much it would cost to replace your existing home and any structures on the property like a garage or fence. Be sure to also include the cost of furniture, possessions and clothing that is inside the house. Although not an exact science, a good ballpark figure can be obtained by multiplying your home’s square footage by the average price of building materials in your area.

For Florida residents, A+ Insurance of Sarasota Inc is your go-to source for anything insurance. We know that determining how much coverage to purchase can be daunting so our team of property insurance experts will work directly with you to customize a homeowners insurance policy that exceeds your expectations. Give our agents at A+ Insurance of Sarasota Inc in Florida a call to learn more today.